Final answer:
Educational factors that expand opportunities for entrepreneurs include educational programs and partnerships, incentives for innovation, and investment in education and technology.
Step-by-step explanation:
The educational factors that help expand current opportunities for entrepreneurs include:
- Educational Programs and Partnerships: Government programs that provide funding or support for education can create positive spillovers. For example, a city might allow businesses to collaborate with schools and universities, offering students real-world experience in their chosen fields and providing businesses with trained workers.
- Incentives for Innovation: Government policies that guarantee intellectual property rights, assist with research and development costs, and promote collaborative research ventures between universities and companies can increase incentives for entrepreneurs to innovate.
- Investment in Education and Technology: Foster a more educated workforce and create, invest in, and apply new technologies. Governments can adopt fiscal policies focused on investment in human capital, technology, and physical assets.